Standard Chartered Launches Spot Trading for Bitcoin and Ether Via UK Branch
On Tuesday, Standard Chartered introduced spot trading for Bitcoin and Ethereum through its UK branch. The initiative aims to integrate digital assets into its traditional finance, aligning the UK’s banking system with innovative standards and intensifying global competition. It also made Standard Chartered the first global bank to offer deliverable spots of crypto assets for corporates, investors, and managers.
Standard Chartered Full Integration of Digital Assets
The Standard Chartered Bank released a statement on integrating digital assets trading services for institutional clients. It is offering spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) via the United Kingdom (UK) branch.
Bill Winters, Group Chief Executive of Standard Chartered, commented on the launch by saying digital assets are “ integral to enabling new pathways for innovation, greater inclusion and growth across the industry. As client demand accelerates further, we want to offer clients a route to transact, trade, and manage digital asset risk safely and efficiently within regulatory requirements.”
Standard Chartered Applying Global Standards in Crypto Trading
Tony Hall, the Global Head of Trading and XVA, Markets, at Standard Chartered, confirmed that the bank is applying global expertise, infrastructure, and risk management frameworks to gain clients’ trust.
This initiative demonstrates that Standard Chartered is aligning its standards with the global trends as the adoption of cryptocurrency surges in the world. Amid the growing demand for crypto, Standard Chartered is poised to meet the high expectations while expanding opportunities in the crypto space.
Standard Chartered Expands Crypto Services to Real-World Final Assets
Along with crypto spot trading, the bank offers digital asset custody and trading through its Corporate and Investment Bank and its ventures with Zodia Markets. Additionally, Standard Chartered also offers digital asset tokenization (tokenization of real-world financial assets) services through its ventures with Libeara.
Final Thought
Standard Chartered has always been known for its risk control and world-class trading measures in terms of crypto-related activities. Now, with another crypto initiative, the bank moves a step ahead in digital finance, enhancing innovation criteria.
